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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

WASHINGTON (MarketWatch)U.S. manufacturers reported a big jump in activity in
July, with a key index reaching its highest level in over two yearsThe Institute for Supply Management said its July
manufacturing index surged to a reading of 55.4% vs. 50.9% in JuneThat’s the
highest level since June 2011

Economists polled by MarketWatch had expected a reading of
52.0%

Earlier, a similar survey conducted by Markit produced a
reading of 53.7 in July, the fastest rate of growth since March

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Construction spending fell 0.6% in June to an annualized rate of $883.9 billion. This was well below analysts' expectations of a 0.5% gain and the biggest drop in five months. But May construction spending was upwardly revised to 1.3% growth from the initial read of a gain of 0.5%. Both private and public spending fell in June.

WASHINGTON (MarketWatch) The rate on the 30-year fixed-rate mortgage averaged 4.39% in the week ending Aug. 1, up from 4.31% last week, Freddie Mac said Thursday. One year ago, the 30-year averaged 3.55%. Interest rates have climbed in anticipation the Federal Reserve will curtail bond purchases later this year. The mortgage-buying giant said the 15-year fixed-rate mortgage edged up to 3.43% from 3.39%, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.18%, up from 3.16%, and the 1-year Treasury-indexed ARM averaged 2.64%, down from 2.65%. "Mortgage rates rose slightly leading up to the Federal Reserve's monetary policy statement this week," said Frank Nothaft, chief economist at Freddie Mac.